NEO is trying to get back into its down trend channel, if you got some NEO around 14 dollars thats very brave and profitable but i believe there is still a lot of profit to be taken from this coin.
Looking very bullish on the hourly, as the MA50 crossed both EMA 144 and MA 200.
On the daily, MA 50 shows around 28-29 dollars so I believe its soon to touch back to that area, or at least get close to it.
Currently the support of the channel is acting like a resistance but it waiting to be broken.
My guess is that we can easily see 21-22 dollars with NEO soon.
Also, there are many Dapps being built on it, which is a good thing because to start a project on NEO platform, the founders of the projects need to purchase NEO coins. I believe its very centralised with limited nodes, but that doesn't change the fact that its one of the most well run projects out there.
DYOR and trade responsibly. =)
Looking very bullish on the hourly, as the MA50 crossed both EMA 144 and MA 200.
On the daily, MA 50 shows around 28-29 dollars so I believe its soon to touch back to that area, or at least get close to it.
Currently the support of the channel is acting like a resistance but it waiting to be broken.
My guess is that we can easily see 21-22 dollars with NEO soon.
Also, there are many Dapps being built on it, which is a good thing because to start a project on NEO platform, the founders of the projects need to purchase NEO coins. I believe its very centralised with limited nodes, but that doesn't change the fact that its one of the most well run projects out there.
DYOR and trade responsibly. =)
Comment:
NEO just fell of the its second channel, this next hour is quiet critical. resistance is strong...
Comment:
Neo could break back into the channel this is not good. Just have to watch it and get a confirmation before purchase.
Otherwise the road seems down hill now.
Otherwise the road seems down hill now.
Order cancelled:
Forming a bearish flag.. Not happy with this one, stopped following...